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UK Money and Credit - June 2024
These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Individuals borrowed, on net, £2.7 billion of mortgage debt in June, up from £1.3 billion in May. Net mortgage approvals for house purchases remained broadly stable at 60,000 in June, while approvals for remortgaging decreased from 29,300 to 27,500 over the same period. Net consumer credit borrowing dipped slightly in June to £1.2 billion, from £1.5 billion in May. ... (full story)